ALPINE ASSOCIATES MANAGEMENT INC.

CIK 0001396835 · Q2 2026

13F Equity AUM

$1.6B

-5.8% QoQ

Positions

-4 QoQ

AUM Rank

#2,636

Top 21%

Skill Alpha (FF)

-3.5%/yr^ns

No Clear Edge

Rank #7,169 · Top 86%

vs S&P -14.5%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 28.2%Top 10: 45.5%Top 20: 67.9%

NSC9.1%

GTLS6.5%

QRVO4.7%

SLAB4.1%

UNF3.9%

PEN3.7%

KVUE3.6%

WBS3.6%

EA3.3%

SKYT3.0%

Others (56)54.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials24.1%

Technology19.8%

Communication Services14.6%

Healthcare12.6%

Financial Services8.8%

Utilities5.1%

Real Estate4.9%

Consumer Defensive3.6%

Other6.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 66Median: 0.98%Avg: 1.52%

0–0.5%

17(3.9%)

0.5–1%

19(13.7%)

1–3%

21(39.8%)

3–5%

7(27.0%)

5%+

2(15.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 66vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New29Increased18Decreased17Exited33

New Positions

ROKU2.8%

+328K

BLD2.4%

+91K

GSAT2.4%

+468K

TECH2.2%

+502K

RAMP1.7%

+734K

D1.6%

+386K

ACLS1.6%

+135K

OGN1.1%

+1.3M

CZR1.1%

+565K

NUVL1.0%

+129K

Increased

IMXI0.9%

+386K(+64%)

TALK0.7%

+378K(+20%)

WBS3.6%

+342K(+82%)

NATL1.8%

+191K(+40%)

AES1.9%

+177K(+9%)

WBD2.9%

+147K(+9%)

SKYT3.0%

+128K(+10%)

SEM1.4%

+128K(+11%)

AXTA0.3%

+96K(+204%)

STEL0.7%

+95K(+50%)

Decreased

GORO0.1%

-553,755(-29%)

AAUC0.6%

-445,132(-53%)

COMP0.5%

-291,913(-30%)

ZIM1.5%

-245,351(-21%)

TXNM1.5%

-78,738(-15%)

EA3.3%

-60,909(-19%)

SUNC0.5%

-59,153(-32%)

CCO0.2%

-7,599(-1%)

SSTK1.0%

-4,400(-0%)

QRVO4.7%

-3,400(-0%)

Exited

-1,382,306

-378,000

-864,000

-865,500

-189,000

-432,210

-402,515

-1,265,435

-624,900

-485,882

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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